OVERSEA CHINESE BANKING Corp Ltd Purchases 5,387 Shares of Dynatrace, Inc. (NYSE:DT)

OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 3.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 171,218 shares of the company's stock after buying an additional 5,387 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned 0.06% of Dynatrace worth $8,073,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. SBI Securities Co. Ltd. increased its stake in shares of Dynatrace by 131.8% during the first quarter. SBI Securities Co. Ltd. now owns 1,620 shares of the company's stock valued at $76,000 after acquiring an additional 921 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Dynatrace during the first quarter valued at approximately $9,183,000. MQS Management LLC acquired a new position in shares of Dynatrace during the first quarter valued at approximately $387,000. A&I Financial Services LLC acquired a new position in shares of Dynatrace during the first quarter valued at approximately $777,000. Finally, Louisiana State Employees Retirement System increased its stake in shares of Dynatrace by 1.3% during the first quarter. Louisiana State Employees Retirement System now owns 83,900 shares of the company's stock valued at $3,956,000 after acquiring an additional 1,100 shares during the period. Institutional investors own 94.28% of the company's stock.

Analyst Upgrades and Downgrades

DT has been the topic of a number of research analyst reports. KeyCorp initiated coverage on shares of Dynatrace in a research note on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price objective on the stock. Loop Capital lowered their price objective on shares of Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen lowered shares of Dynatrace from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. UBS Group raised their price objective on shares of Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Dynatrace presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.26.

Insider Activity

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction on Monday, June 9th. The shares were sold at an average price of $54.52, for a total transaction of $862,724.48. Following the completion of the sale, the executive vice president owned 17,242 shares of the company's stock, valued at $940,033.84. This trade represents a 47.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.57% of the stock is owned by company insiders.

Dynatrace Price Performance

NYSE DT traded down $0.25 on Wednesday, hitting $51.97. 1,818,211 shares of the stock were exchanged, compared to its average volume of 2,995,857. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The company has a market capitalization of $15.68 billion, a price-to-earnings ratio of 32.48, a P/E/G ratio of 4.56 and a beta of 0.91. The company's 50-day moving average price is $53.89 and its two-hundred day moving average price is $52.45.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $445.17 million for the quarter, compared to analysts' expectations of $435.14 million. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. The company's quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 EPS. Equities analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Dynatrace Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.